A 10% Inflation Rate Means That

question 79

Multiple Choice

A 10% inflation rate means that

• A)prices of some important goods and services have increased by 10%.
• B)every price in the economy has increased by 10%.
• C)the money supply has increased by 10%.
• D)the price level has increased by 10%.

---

Definitions:

White Virginians

Refers to the Caucasian inhabitants of Virginia, especially significant in historical contexts relating to their roles in the colonial, antebellum, and Civil War periods of the United States.

Racial Slavery

The practice of enslavement based primarily on race, notably the African slave trade by Europeans and the enslavement of Africans and their descendants in the Americas.

African-American Narrative

A body of literature and art that tells the stories, experiences, and history of African Americans.

King George's War

The North American theater of the War of Austrian Succession (1740–1748), primarily involving British and French colonial forces.